Pune, India -- (SBWIRE) -- 04/11/2019 -- Our latest research report entitled Surgical Robotics Market (by component (surgical systems, services, accessories), by surgery type (general surgery, orthopedic surgery, neurosurgery, urological surgery, gynecological surgery)) Industry Analysis, Trends, Market Size, Forecasts up to 2023 provides complete and deep insights into the market dynamics and growth of Surgical Robotics. Latest information on market risks, industry chain structure Surgical Robotics cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Surgical Robotics growth factors.

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The forecast Surgical Robotics Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Surgical Robotics on a global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. According to the report the global surgical robotics market is expected to grow at a CAGR of 9.5% over the forecast period of 2017 - 2023

Surgical Robotics Market: Industry Insights

Robotic surgery is a type of surgical procedures that are done using robotic systems. Robotically-assisted surgery was developed to try to overcome the limitations of pre-existing minimally-invasive surgical procedures and to improve the capabilities of surgeons performing open surgery.

Surgical Robotics Market: Drivers and Restraints

Rising awareness regarding computer-aided surgeries is expected to be the major contributor to the growth of the robotic surgical global market. Factors like fewer complications such as surgical site infection, less pain and blood loss during surgery, quicker recovery, less noticeable scars are expected to boost the robotic surgery market in the forecast period. On the other hand, increasing incidence rate of chronic diseases and high precision required in the operations triggering the use of Robotic-assisted surgery. However high treatment cost and inadequate availability of the facilities restrain the growth of the market in developing countries.

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Surgical Robotics Market: Segmentation

The global surgical robotic market based on the component is divided into systems, accessories, and services. Accessories dominated the global surgical robotic market In terms of revenue generation, high growth in this segment can be attributed to the increase in the volume of robotic procedures performed worldwide and growing demand of accessories due to their recurring need per procedure. The accessories are replaced after each surgical procedure thus contributing to the high market revenue. Additionally, services are expected to be the fastest growing segment owing to the rise in robot-assisted surgeries globally and projected to register the high CAGR. This is due to the Increasing number of old age population and increasing incidence rate of chronic diseases such as diabetes, HIV/AIDS, asthma, arthritis, and other diseases. Systems segment shows less contribution in revenue generation compared to the other segments and projected to register moderate CAGR, as the robotic system installed once need not to be changed for a long time.

Surgical Robotics Market: Regional Insights

Geographically, North America is expected to dominate the surgical robot's market in 2019, while the Asia Pacific region is expected to register the highest CAGR during the forecast period, increased awareness towards robotic surgeries along with well-established healthcare infrastructure contributing to the growth of the market. The Asia Pacific is expected to grow at a fast pace in the coming years on account of increasing healthcare expenditure in the region.

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Surgical Robotics Market: Competitive Analysis

Significant growth of chronic diseases and the requirement of précised surgical treatments driving the big market players into surgical robotic inventions. The prominent player in global Surgical Robotics Market are Intuitive Surgical Inc., Stryker Corporation, Mazor Robotics, Hansen Medical Inc., MedRobotics, TransEnterix Inc., Accuray Inc., Renishaw plc, Think Surgical, Synaptive Medical, Titan Medical Inc. and Smith & Nephew plc.

Reasons to Buy this Report:

- Comprehensive analysis of global as well as regional markets of the Surgical Robotics.

- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2023.

- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.

- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.